• Bitcoin trades above $100,000 for the first time since February.
• The rise is linked to a significant trade deal between the US and UK.
• Ethereum's Ether also experiences a notable increase of over 14%.

Bitcoin exceeded $100,000 on Thursday, marking its first surge above this figure since early February, driven by optimism from a trade deal between the United States and the United Kingdom. By midday, Bitcoin was valued at $101,329.97, reflecting a 4.7% daily gain, indicating a robust recovery as it returned to positive territory for the year, although it remains below its all-time high of more than $109,000 reached earlier this year, according to Channel News Asia, Reuters, and Dawn.

The trade agreement between President Donald Trump and UK Prime Minister Keir Starmer reportedly aims to ease tensions from Trump's past tariff implementations, while also leaving certain tariffs unchanged, according to statements made during the announcement. This renewed optimism in trade has contributed to a favorable environment for cryptocurrencies, including a notable 14% surge in Ether, the native currency of the Ethereum blockchain, as it reached $2,050.46, according to Reuters and Dawn.

Market analysts highlight this rebound as reflective of a broader recovery in risk appetite among investors, as seen with Bitcoin's price soaring from around $74,000 just a month ago. Antoni Trenchev, co-founder of Nexo, articulated that "the retaking of $100,000 must go down as one of Bitcoin's more formidable feats," suggesting strong demand from long-term holders compensates for selling pressure from short-term traders, according to Reuters, and Dawn.